Tags:

White House to Launch Job-creating Start-up Effort

Monday, 31 Jan 2011 06:58 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

WASHINGTON (Reuters) - The White House will announce an effort Monday to encourage job-creating start-up businesses in hopes of reducing the country's stubbornly high unemployment rate.

Senior officials are to launch a national campaign called "Startup America," which will encourage private sector investment in startups and small firms, accelerate research and address barriers to success for entrepreneurs and small businesses.

Officials are to announce that President Barack Obama will propose making permanent the elimination of capital gains taxes on key investments in small businesses, a White House official said.

That provision was passed in September as part of a temporary measure. Obama's fiscal 2012 budget proposal to be released in two weeks will propose making the provision permanent.

Officials will also announce that the Small Business Administration will direct $2 billion over the next 5 years to match private sector investment funding for startups. The money is already in the budget. (Reporting by Steve Holland; Editing by Todd Eastham)

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Climate Change Crowd Silent on Economic Blow of Extreme Rules

Tuesday, 23 Sep 2014 20:26 PM

As Watchdog.org reporter Bruce Parker vividly reported Sunday from inside the environmentalist carnival that was the Peo . . .

US Capital Votes to Allow Concealed Firearms

Tuesday, 23 Sep 2014 18:48 PM

City council members voted unanimously but reluctantly Tuesday to allow residents and visitors alike to carry concealed  . . .

RFK Jr.: 'Do I Think the Koch Brothers Are Treasonous? Yes I Do'

Tuesday, 23 Sep 2014 18:38 PM

There ought to be a law against climate-change deniers, according to activist Robert F. Kennedy Jr.
In an interview . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved